## **CITY OF BELFAST BOXING ACADEMY** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **Terry McCorram Trading As City of Belfast Boxing Academy Contents of the Unaudited Accounts For The Year Ended 31 March 2023** ## **Contents** |**Contents**|| |---|---| ||**Page**| |Business Details|1| |Approval|2| |Accountants' Report|3| |Profit and Loss Account|4| |Balance Sheet|5| |Notes to the Accounts|6| **Terry McCorram Trading As City of Belfast Boxing Academy Business Details For The Year Ended 31 March 2023** **Charity No:** 104330 **Trustee board:** Miss Fiona Nelson Mr Jonathan Calder Mr Terry McCorran Mrs Madeline Garret **Accountants:** Proactive Chartered Accountants Limited Chartered Accountants Opus House 137 York Road Belfast BT15 3GZ Page 1 ## **Terry McCorram Trading As City of Belfast Boxing Academy Accounts Approval Statement For The Year Ended 31 March 2023** I approve these unaudited accounts which comprise a Profit and Loss Account, Balance Sheet and related notes. I acknowledge my responsibility for the accounts including the provision of all the information and explanations necessary for the completion. Signed ............................................................ **Mr Terry McCorram** **10/11/2023** Page 2 ## **Terry McCorram Trading As City of Belfast Boxing Academy Accountants' Report For The Year Ended 31 March 2023** In accordance with the engagement letter dated 11[th] January 2018, we have prepared the accounts, which comprise the Profit and Loss account, the Balance Sheet and the related notes, from the accounting records, information and explanations provided to us. This report is made to you in accordance with the terms of our engagement. Our work has been undertaken to enable us to prepare the accounts on your behalf and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than to you, the client, for our work or for this report. You have approved and acknowledged your responsibility for these accounts. We have not been instructed to complete an audit of the accounts. For this reason, we have not verified the accuracy or completeness of the accounting records, information or explanations you have provided. Therefore we do not express any opinion on the accounts. Signed ............................................................ ## **Jon M Dickinson** _**Association of Chartered Certified Accountants**_ **Opus House 137 York Road Belfast BT15 3GZ** **10/11/2023** Page 3 ## **Terry McCorram Trading As City of Belfast Boxing Academy Profit and Loss Account For The Year Ended 31 March 2023** |**Turnover**
Donations
Grants and subsidies received
Bank interest received
**Expenditure**
Cleaning
Boxing equipments and consumables
Vehicle running costs
Other equipments
Repairs, renewals and maintenance
Yoga for members
First aid training
Printing, postage and stationery
Posts and advertisements
Telecommunications
Accountancy fees
Coaching fees
Bank charges
Sundry expenses
**Depreciation**
Depreciation
**NET LOSS**|**£**
**183**
**1,845**
**100**
**-**
**534**
**-**
**-**
**325**
**204**
**-**
**600**
**170**
**77**
**-**|**2023**
**£**
**6,005**
**-**
**-**
**6,005**

**4,038**
**1,967**

**3,766**
**(1,799)**|**£**
24
351
158
300
237
50
250
275
67
200
600
487
29
(1)|**2022**
**£**
2,912
548
1| |---|---|---|---|---| |||||3,461

3,027| ||**3,766**||2,998|| |||||434

2,998| |||||| |||||(2,564)| Page 4 ## **Terry McCorram Trading As City of Belfast Boxing Academy Balance Sheet As At 31 March 2023** |**Notes**
**FIXED ASSETS**
Tangible Assets
**2**
**CURRENT ASSETS**
Cash at bank and in hand
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**CAPITAL ACCOUNT**
Balance at 1 April 2022
Profit/(Loss) for the period/year
**Balance Carried Forward**|**£**
**264**|**2023**
**£**
**21,070**

**264**|**£**

2,525|**2022**
**£**
20,608

2,525| |---|---|---|---|---| ||||

|| |||**21,334**||23,133| |||**21,334**||23,133| |||**23,133**
**(1,799)**||25,697
(2,564)| |||**21,334**||23,133| Page 5 **Terry McCorram Trading As City of Belfast Boxing Academy Notes to the Accounts For The Year Ended 31 March 2023** ## **1. Accounting Policy** These unaudited accounts have been completed in accordance with UK Generally Accepted Accounting Practice guidelines and provides sufficient and relevant information to enable completion of a tax return. ## **2. Tangible Assets** |**Cost**
As at 1 April 2022
Additions
As at 31 March 2023
**Depreciation**
As at 1 April 2022
Provided during the period
As at 31 March 2023
**Net Book Value**
As at 31 March 2023
As at 1 April 2022|**Land &**
**Property**
**Freehold**
**£**
24,990
-|
**Plant &**
**Machinery**
**£**

1,541
4,228|
**Computer**
**Equipment**
**£**

572

-|
**Total**
**£**

27,103
4,228| |---|---|---|---|---| ||24,990|
5,769|
572|
31,331| ||4,998
2,499|
1,155

1,153|
342

114|
6,495

3,766| ||7,497|
2,308|
456|
10,261| ||17,493|
3,461|
116|
21,070| ||19,992|
386|
230|
20,608| Page 6